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MET INTERNATIONAL AG

MET International AG is the Swiss-based trading and wholesale arm of MET Group, handling natural gas, power, LNG and cross-border energy business.

Last updated September 29, 2026

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Overview

MET International AG (METI) is a Swiss energy trading and wholesale company established in 2010 as the international trading arm of MET Group. Its mandate is to consolidate and develop MET Group's international natural gas sales and purchase portfolio and to build a commodity trading platform for the group. Internally, METI optimizes group positions through border-point transactions and provides an internal market of physical and financial products for other MET Group entities. Externally, it represents the group on liquid trading hubs and border points and is responsible for trading and cross-border business development. METI's business spans trading and wholesale through to logistics services. It supplies competitive structures to MET Group's gas and power sales affiliates, originates positions on the European wholesale and international LNG markets, and trades around international positions. The company describes itself as the sole interface and trading arm of MET Group towards Western European markets via natural gas and power trading on liquid trading hubs, wholesale origination and logistics services. According to figures published on its website, MET International operates at significant scale: consolidated revenue of EUR 28.6 billion in 2025, more than 1,400 professionals, access to financing of EUR 2,292.6 million from international banks including syndicated credit facilities of EUR 1,417 million, 5.42 mtpa of LNG delivered into 17 markets globally, 160 TWh of electricity traded in 2025, 241 BCM of gas traded in 2025, 436 MW of renewable energy production capacity (with 653 MW under construction and development), 564 MW of CCGT/OCGT capacity, 156 MW of cogeneration capacity and 5.2 TWh of gas storage capacity. METI is led by CEO György Domokos Vargha, with a management team covering finance, legal, risk, gas trading across Central and Eastern Europe and Western Europe, LNG, power trading, IT and human resources. The company operates under MET Group's Code of Conduct, built around the "FITMIP" principles of Fairness, Individual Responsibility, Transparency, Mutual Respect, Integrity and Professionalism, and it emphasizes sanctions compliance and ethical business conduct. Recent activity includes MET Group's acquisition of a majority stake in Greek renewable energy aggregator Zephiros Energy Trading S.A., described as a step in MET Group's long-term growth strategy and an opening into the Greek renewable energy and battery energy storage segments, as well as a new agreement between MET International and Shell for US LNG supply.

History

MET International AG (METI) was established in 2010 in order to consolidate and develop MET Group's international natural gas sales and purchase portfolio, as well as to establish a trading arm for commodity lines. From its base in Switzerland, METI took on a dual role within MET Group: internally, it optimizes group positions through border point transactions and provides an internal market of physical and financial products for Group entities; externally, it represents the Group on liquid trading hubs and border points and is responsible for trading and cross-border business development. Over time, METI became the business consolidator of the entire MET Group and the sole interface and trading arm towards Western European markets via natural gas and power trading on liquid trading hubs, wholesale origination and logistics services. Its responsibilities expanded to include providing highly competitive supply structures to MET Group's gas and power sales affiliates, originating additional positions on the European wholesale and international LNG markets, and trading around international positions. By the mid-2020s, MET International reported substantial scale across its activities. Its website cites consolidated revenue of EUR 28.6 billion in 2025, more than 1,400 professionals, access to financing of EUR 2,292.6 million from various international banks including syndicated credit facilities of EUR 1,417 million, 5.42 mtpa of LNG delivered into 17 different markets globally, 160 TWh of electricity traded in 2025, 241 BCM of gas traded in 2025, 436 MW of renewable energy production capacity with 653 MW under construction and development, 564 MW of CCGT/OCGT capacity, 156 MW of cogeneration capacity and 5.2 TWh of gas storage capacity. METI's growth has continued through acquisitions and partnerships. MET Group acquired a majority stake in Greek renewable energy aggregator Zephiros Energy Trading S.A., a move described as another step in MET Group's long-term growth strategy and one opening new opportunities across the Greek energy sector, particularly in renewable energy and battery energy storage. MET International also signed a new agreement with Shell for US LNG supply, reinforcing its role in international LNG markets. Governance at METI is structured around a management team led by CEO György Domokos Vargha, with executives responsible for finance, legal, risk management, CEE and WE gas, LNG, power trading, IT and HR. The company operates under MET Group's Code of Conduct, which sets out ethical principles and the "FITMIP" core values — Fairness, Individual Responsibility, Transparency, Mutual Respect, Integrity and Professionalism — and emphasizes sanctions compliance and honest dealing with business partners, customers, authorities and the public.

  • 2026

    MET Group acquires a majority stake in Greek renewable energy aggregator Zephiros Energy Trading S.A.

  • 2025

    MET International reports consolidated revenue of EUR 28.6 billion, 160 TWh of electricity traded, 241 BCM of gas traded and 5.42 mtpa of LNG delivered into 17 markets.

  • 2010

    MET International AG established in Switzerland to consolidate and develop MET Group's international natural gas sales and purchase portfolio and to establish a trading arm for commodity lines.

Products and positioning

The trading and wholesale arm of MET Group, acting as the group's sole interface to Western European markets and its consolidator of international gas and power positions.

  • Natural gas trading and wholesale

  • Power trading

  • LNG supply and trading

  • Wholesale origination

  • Cross-border energy transactions

  • Logistics services

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